Summit Global Investments Buys 156,133 Shares of Kimberly-Clark Co. (NYSE:KMB)

Summit Global Investments increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 673.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,330 shares of the company’s stock after acquiring an additional 156,133 shares during the quarter. Kimberly-Clark accounts for approximately 1.4% of Summit Global Investments’ portfolio, making the stock its 12th largest position. Summit Global Investments owned approximately 0.05% of Kimberly-Clark worth $21,790,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Cranbrook Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark in the 3rd quarter worth about $25,000. Centerpoint Advisors LLC boosted its holdings in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.0 %

Shares of Kimberly-Clark stock traded up $0.02 on Thursday, reaching $136.49. The company had a trading volume of 977,235 shares, compared to its average volume of 2,221,173. The firm’s 50-day moving average price is $126.88 and its two-hundred day moving average price is $123.24. The firm has a market cap of $45.96 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 3.89 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.02.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the business posted $1.67 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock worth $2,808,345 over the last quarter. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup upped their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Finally, UBS Group upped their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.